Private bank held a lady hostage after her husband failed to pay loan installment of Rupees 770 in Tamil Nadu’s Salem district

A shocking incident took place in Tamil Nadu’s Salem district when a branch of a private bank allegedly held a woman captive on Wednesday(1, May) after her husband failed to pay a loan installment. The woman was eventually let go after her husband paid the loan installment of Rs 770. He borrowed Rs 35,000  According…

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RBI circulated updated guidance note for banks, NBFCs

The Reserve Bank of India (RBI) has updated its “Guidance Note” on operational risk management for the financial sector, and extended it to non-banking financial companies (NBFCs), including housing finance companies. Only commercial banks were included in the 2005 ‘Guidance Note on Operational Risk Management’. RBI said all regulated entities (REs) in India should implement…

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Spices maker MDH says its products safe for consumption, received no communication from Hong Kong or Singapore

In a response to the allegations made against the spices of MDH, it said its products doesn’t contain ethylene oxide or any other harmful products as well as the company has not got any communication from regulators and authorities in Hong Kong or Singapore about alleged contamination in its products. Hong Kong earlier this month…

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NSE set to launch derivatives on Nifty Next 50 Index (NIFTYNXT50) starting April 24, 2024

The National Stock Exchange of India (NSE), a leading derivatives exchange globally, is gearing up to introduce derivatives on the Nifty Next 50 index (NIFTYNXT50) starting April 24, 2024. This move follows approval from the Securities and Exchange Board of India (SEBI), marking a significant expansion in NSE’s derivatives offerings.The derivatives on NIFTYNXT50 will include…

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